Mesabi Tribune: IRRRB OKS $34 million in economic development funding

Mesabi Tribune: IRRRB OKS $34 million in economic development funding Main Photo

22 Dec 2022


News, Lake Country Power

At a recent Iron Range Resources & Rehabilitation Board meeting, approximately $680,000 in loans, $5.7 million in infrastructure grants, $2.6 million in trails grants, $9.4 million in mining fund rebates, $8.3 million in Giants Ridge development, $6.7 million in K-12 school collaboration funds, and $985,000 in higher education funds were approved to advance projects in northeastern Minnesota.

Agency total investment for all projects combined is approximately $34.3 million. Total project investment is approximately $95.9 million. The projects are expected to increase the regional tax base, create permanent and construction jobs, provide essential services, improve education and expand outdoor recreation and mining.

Click here to read full article from the Mesabi Tribune. 

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